Prefabricated Buildings are Taking Over the World with a $202.7 Billion Market Projection by 2030

The Prefabricated Buildings market is a rapidly growing industry with an estimated valuation of US$117.4 Billion in 2022, projected to reach US$202.7 Billion by 2030. The Panel Systems segment is expected to drive significant growth with a projected CAGR of 7.9%, reaching US$78.1 Billion by 2030. With a readjusted CAGR of 6.4%, the Skeleton Systems segment is also expected to contribute to the industry’s expansion in the next 8 years, taking into account the ongoing post-pandemic recovery.

The Prefabricated Buildings market in the US is estimated at US$21.2 Billion in 2022, whereas China is forecast to grow at an 8.6% CAGR, reaching a projected market size of US$53.4 Billion by 2030. Noteworthy geographic markets include Japan and Canada, each expected to grow at 5.4% and 5.7% respectively over the 2022-2030 period. Meanwhile, Germany is forecast to grow at approximately 6% CAGR within Europe. Asia-Pacific is also predicted to see significant growth, led by countries such as Australia, India, and South Korea, and is expected to reach US$25.9 Billion by 2030.

These projections demonstrate a strong and promising future for the Prefabricated Buildings market, serving as an opportunity for businesses to invest in this thriving industry.